Detroit, MI Rental Market Trends
What is the average rent in Detroit?
The average rent for an apartment in Detroit is $1,123, a 4% increase compared to the previous year.
Average Rent in Detroit, MI
| Average Rent | Y-o-Y Change | Average Apartment Size |
|---|---|---|
| $1,123 | 4% | 796 sq. ft. |
What is the average apartment size in Detroit?
The average size for a Detroit, MI apartment is 796 square feet, but this number varies greatly depending on unit type, with cheap and luxury alternatives for houses and apartments alike. Studio apartments are the smallest and most affordable, 1-bedroom apartments are closer to the average, while 2-bedroom apartments and 3-bedroom apartments offer a more generous square footage.
Detroit, MI Apartment Rent Ranges
- < $5001%
- $501-$70018%
- $701-$1,00034%
- $1,001-$1,50026%
- $1,501-$2,00014%
- > $2,0006%
Detroit, MI Occupied Housing Units
- Renter-occupied Households46%
- Owner-occupied Households53%
123,129 or 46% of the households in Detroit, MI are renter-occupied while 140,559 or 53% are owner-occupied.
Detroit, MI Rent Trends
| Average Rent | Mar / 2018 | Jul / 2018 | Nov / 2018 | Mar / 2019 | Jul / 2019 | Nov / 2019 | Mar / 2020 | Jul / 2020 | Nov / 2020 | Mar / 2021 | May / 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Detroit, MI | $1,012 | $1,023 | $1,046 | $1,063 | $1,075 | $1,075 | $1,065 | $1,069 | $1,102 | $1,115 | $1,123 |
| National | $1,314 | $1,345 | $1,354 | $1,358 | $1,390 | $1,397 | $1,400 | $1,392 | $1,396 | $1,407 | $1,428 |
Average Rent in Detroit, MI By Neighborhood
| Neighborhood | Average Rent |
|---|---|
| Downtown Detroit | $1,565 |
| Jeffries | $1,366 |
| Lower Woodward | $1,291 |
| St. Jean | $1,221 |
| Belle Isle | $1,203 |
| Butzel - Indian Village | $1,203 |
| Kettering | $1,199 |
| Lower East Central | $1,198 |
| East Riverside | $1,196 |
| Foch | $1,196 |
| Middle East Central | $1,193 |
| Middle Woodward | $1,132 |
| Rosa Parks | $1,070 |
| Chandler Park | $1,065 |
| Jefferson - Mack | $1,065 |
| Hamtramck | $1,016 |
| Upper East Central | $1,016 |
| Harper Woods | $919 |
| Highland Park | $838 |
| Palmer Park | $811 |
| Bagley | $741 |
| Pembroke | $741 |
| Greenfield | $733 |
| McNichols | $723 |
| Harmony Village | $720 |
| State Fair - Nolan | $719 |
| Cerveny - Grandmont | $718 |
| Redford | $712 |
| Cody | $708 |
| Rouge | $708 |
| Evergreen | $707 |
| Brooks | $696 |
| Mackenzie | $692 |
| Rosedale | $692 |
| Airport | $678 |
| Winterhalter | $666 |
| Brightmoor | $664 |
| Durfee | $647 |
| Springwells | $644 |
| West Riverfront | $644 |
| Grant | $610 |
| Mt. Olivet | $610 |
| Pershing | $610 |
| Tireman | $589 |
| Vernor - Junction | $552 |
| Chadsey | $477 |
| Condon | $477 |
What are the most affordable neighborhoods in Detroit?
The most affordable neighborhoods in Detroit are Chadsey, where the average rent goes for $477/month, Condon, where renters pay $477/mo on average, and Vernor - Junction, where the average rent goes for $552/mo. If you’re looking for other great deals, check out the listings from Tireman ($589), Grant ($610), and Mt. Olivet ($610), where the asking prices are below the average Detroit rent of $1,123/mo.
What are the most expensive neighborhoods in Detroit?
The most expensive neighborhoods in Detroit are Lower Woodward ($1,291), Jeffries ($1,366) and Downtown Detroit ($1,565).
What are the most popular neighborhoods in Detroit?
The most popular neighborhood in Detroit is Downtown Detroit, where there are 16 verified RENTCafé listings with an average rent of $1,565. Next up is Lower Woodward, where apartments go for $1,291/month, followed by Lower East Central with $1,198 If you’re looking to rent in Detroit’s most popular neighborhoods, make sure to also check out St. Jean, where renters pay $1,221 on average, and Middle Woodward, where the average monthly rent is $1,132.
Detroit | Rent Comparison by Neighborhood
Rent in Airport is 9% lower than in Bagley
Airport rent is 40% lower than Detroit average
| Average Rent | $678 |
|---|
Bagley rent is 34% lower than Detroit average
| Average Rent | $741 |
|---|
How Detroit Compares to Other Cities
| Average Rent | Y-o-Y Change | |
|---|---|---|
| Grand Rapids | $1,153 | 5% |
| Detroit | $1,123 | 4% |
| East Lansing | $1,299 | n/a |
| Lansing | $925 | 6% |
| Ann Arbor | $1,636 | 2% |
| Southfield | $1,103 | 1% |
| Farmington Hills | $1,187 | 1% |
| Royal Oak | $1,150 | 11% |
| Sterling Heights | $1,015 | 7% |
| Novi | $1,285 | 5% |
| Westland | $921 | 4% |